Infleqtion $INFQ Shares Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its holdings in Infleqtion (NYSE:INFQ) by 58.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 724,335 shares of the quantum tech company’s stock after buying an additional 266,602 shares during the period. Integrated Advisors Network LLC’s holdings in Infleqtion were worth $9,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. S&G Foundation purchased a new position in shares of Infleqtion in the second quarter worth approximately $154,164,000. Davis Asset Management L.P. purchased a new stake in Infleqtion during the second quarter valued at approximately $27,783,000. Bank of New York Mellon Corp raised its position in Infleqtion by 1,350.7% in the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock worth $14,343,000 after acquiring an additional 1,002,576 shares during the period. Wellington Management Group LLP bought a new position in Infleqtion in the second quarter worth approximately $3,708,000. Finally, Baird Financial Group Inc. bought a new position in Infleqtion in the second quarter worth approximately $2,435,000.

Infleqtion Stock Down 1.0%

Shares of NYSE:INFQ opened at $8.66 on Wednesday. The company’s 50 day moving average is $12.57. Infleqtion has a 12-month low of $8.38 and a 12-month high of $24.22.

Infleqtion (NYSE:INFQ) last released its earnings results on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $13.54 million for the quarter. On average, sell-side analysts expect that Infleqtion will post -0.24 earnings per share for the current year.

Insider Buying and Selling at Infleqtion

In other news, Director Maverick Capital Ltd sold 164,824 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $13.02, for a total value of $2,146,008.48. Following the completion of the sale, the director directly owned 1,381,233 shares of the company’s stock, valued at $17,983,653.66. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 250,300 shares of company stock valued at $3,165,428 in the last three months.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $12.00 price target on shares of Infleqtion and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Canaccord Genuity Group assumed coverage on Infleqtion in a research note on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Infleqtion in a report on Friday, September 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Infleqtion in a research report on Monday, August 24th. Finally, Wedbush assumed coverage on Infleqtion in a research report on Monday, August 3rd. They set an “outperform” rating and a $20.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.43.

Infleqtion Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.